DELL COMPUTER formally announced that FORD MOTOR will standardize its personal computer
purchasing on Dell products, expanding their existing supply relationship. The announcement confirmed
what Dell officials, including Chairman and CEO Michael Dell, have told investors over the past week,
first at a Goldman, Sachs investor conference in New York last week and on its quarterly conference call
late Tuesday. In a statement, Dell said Ford would buy Intel-based desktop, notebook and server
computer systems worldwide from Dell. Ford said the deal would significantly cut information technology
costs. Dell products will be deployed throughout Ford operations internationally. (Reuters 11:40 AM ET
02/17/99) For the full text story, see full story
Dell Computer (DELL)
DELL COMPUTER said the millennium bug poses no threat to its crucial supply chain. "Frankly, no. We
won't be changing our model over the Year 2000 period. We have been on location with our major
suppliers with them testing. Quite honestly we are not seeing it (bug induced supply chain problems),"
said Dell Europe President Jan Gesmar-Larsen in an interview. Dell sold over $18 bln worth of personal
computers directly to consumers worldwide by telephone, mail-order and the Internet in 1998. (Reuters
03:45 PM ET 02/17/99) For the full text story, see full story
Dell Computer (DELL)
DELL COMPUTER expects to stay well ahead of its closest rivals in terms of revenue growth and market
share gains, but the torrid pace the personal computer maker has maintained in the past is unlikely to
return any time soon, its chairman said late Tuesday. Michael Dell, the chairman, CEO and founder of the
world's leading direct supplier of PCs, said falling average selling prices for Dell computers and the
failure to be more aggressive in passing along cost savings to customers had slowed the blistering pace of
growth it maintained until recently. "Certainly that is true," Dell told Reuters in response to a question
about whether the company's growth had slowed in terms of the past, when revenues consistently
expanded at rates well above 50% year-to-year. (Reuters 08:43 PM ET 02/16/99) For the full text story,
see full story
Dell Computer (DELL)
CS First Boston reiterated its strong buy rating on DELL COMPUTER. CS first Boston also reiterated its buy
rating on HEWLETT PACKARD CO. Morgan Stanley also reiterated its outperform rating on Dell and
reiterated Hewlett-Packard as a neutral. Robertston Stephens reiterated its market perform rating on
Dell. (Reuters)
Dell Computer (DELL)
DELL COMPUTER said it stood a good chance of jumping into second place in the 1999 race for European
market leadership. Dell Computer, which sells personal computers directly to consumers over the
telephone, mail-order and the Internet, was in third place in 1998, taking 7.9% of the market behind IBM
with 8.6% and way behind the leader Compaq Computer Corp's 17.3%, according to technology research
consultancy CONTEXT. Jan Gesmar-Larsen, president of Dell's European division, told a news conference
on Wednesday that despite a slowing of growth in the U.S. the company still expected its sales to grow in
Europe at between two and three times the average growth of the overall market in 1999. (Reuters 01:45
PM ET 02/17/99) For the full text story, see full story
Dell Computer (DELL)
The furious selloff in shares of DELL COMPUTER on Wednesday added up to the third busiest session for a
stock in Nasdaq history, Nasdaq officials said. Dell shares fell on unofficial volume of about 112.2 mln
shares. (Reuters 04:46 PM ET 02/17/99) For the full text story, see full story |
